Banking, finance and capital markets in Iceland
BBA//Fjeldco focuses on cross-border financing and local loan transactions. Ásgeir Ragnarsson, who heads the team alongside Baldvin Björn Haraldsson, and Antoine Lochet, who is based in France, acted for Nordea Bank and Danske Bank on a $180m multicurrency term and revolving facilities agreement. Bjarki Diego and senior associate Stefán Reykjalín advised biopharmaceutical company Alvotech on credit agreements amounting to $146.5m. Other notable clients include Arion Bank, Nordic Investment Bank and Íslandsbanki.
The experienced banking and finance team at Lex Law Offices assists high-profile clients such as Arion Bank and Íslandsbanki. Practice head Ólafur Haraldsson led the team in assisting financial group Skandinaviska Enskilda Banken and Landsbankinn with a £650m term facilities agreement. Guðmundur Ingvi Sigurðsson is advising Morgan Stanley on the IPO of Arion Bank and its dual listing in Iceland and Sweden. Adalsteinn Jonasson departed to accept a position at the newly established appeal court, Landsréttur.
LOGOS acts for an impressive list of clients including Domino’s Pizza Group and Deutsche Bank. Helga Óttarsdóttir, who jointly heads the department with Guðbjörg Helga Hjartardóttir and London-based Guðmundur Oddsson, took the lead in assisting Landsvirkjun with its debut US private placement in green bond format. Thórólfur Jónsson advised Kaupthing on the offering of Arion Bank’s shares in Iceland and Sweden. Benedikt Egill Árnason led a team handling complex financing arrangements for Síminn and Nordea Bank.
At ADVEL Attorneys at Law, Stefán Þór Ingimarsson led a team acting as local legal counsel on annual updates and bond issuances under Arion Bank’s EMTN programme. Other work includes assisting fishing gear company Hampidjan with its group financing, as well as advising Advania Group on an intra-group loan agreement. Practice head Kristinn Hallgrímsson is another key contact.
Praised for their ‘reliability, stability and good knowledge of what they are doing’, the lawyers at Juris advise on project financing and regulatory issues. With Simon Knight leading the work, the team is assisting Sunnuvellir with its interest in Silicor’s proposed silicon plant. Halldór Jónsson, who is ‘a very reliable lawyer, negotiator and adviser’, was supported by associate Bjarni Aðalgeirsson in advising Birgir Bieltvedt on financial matters related to headline transactions regarding Domino’s Pizza Group in Norway, Sweden and Iceland.
Lagahvoll acts for companies, including multiple start-ups, on regulatory and project financing matters. Jóhann Tómas Sigurðsson led the team in assisting Félagsbústaðir with its $500m bond framework and its listing on the Icelandic Stock Exchange. Daði Bjarnason advised Dohop on its negotiations with easyJet. Other clients include Ölgerðin and the Savings Banks Association of Iceland.